Swiss National Bank Cuts Stock Position in Danaher Corporation $DHR

Swiss National Bank lessened its holdings in Danaher Corporation (NYSE:DHR) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,766,008 shares of the conglomerate’s stock after selling 90,700 shares during the quarter. Swiss National Bank’s holdings in Danaher were worth $404,275,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG boosted its holdings in Danaher by 25.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock worth $83,895,000 after acquiring an additional 74,301 shares in the last quarter. Maxi Investments CY Ltd acquired a new stake in Danaher in the third quarter worth about $3,251,000. Defender Capital LLC. acquired a new stake in Danaher in the fourth quarter worth about $35,715,000. CIBC Bancorp USA Inc. acquired a new stake in Danaher in the third quarter worth about $17,480,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Danaher by 303.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248,020 shares of the conglomerate’s stock worth $56,777,000 after purchasing an additional 186,584 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of a number of research reports. The Goldman Sachs Group decreased their target price on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 13th. Rothschild & Co Redburn set a $205.00 target price on Danaher in a report on Friday, April 17th. Evercore lifted their target price on Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Robert W. Baird decreased their target price on Danaher from $251.00 to $249.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Finally, DZ Bank initiated coverage on Danaher in a report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Danaher has a consensus rating of “Moderate Buy” and a consensus target price of $233.61.

Danaher Trading Down 1.6%

Shares of NYSE:DHR opened at $180.65 on Friday. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The company has a market capitalization of $127.86 billion, a PE ratio of 34.94, a PEG ratio of 2.45 and a beta of 0.81. The business has a 50 day moving average of $181.15 and a two-hundred day moving average of $204.96. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the company posted $1.88 earnings per share. Danaher’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts forecast that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Danaher’s payout ratio is presently 30.95%.

Danaher Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.